Arawak Cement Company Limited has gone a full year without incurring operating losses.
This has been recorded as a major milestone by the St Lucy company’s parent company, Trinidad Cement Limited.
“Arawak Cement Company Limited in Barbados achieved 12 consecutive months without operating losses during 2025,” TCL chairman David G. Inglefield and managing director Francisco Aguilera Mendoza reported in the group’s summary consolidated financial report for the financial year ended December 31, 2025.
Speaking on behalf of the Trinidad and Tobogo-based TCL’s board of directors, the chairman and managing director also said that net income for 2025 amounted to $27.1 million, compared to $63.7 million in 2024.
They attributed the lower profitability primarily to “lower sales volumes in Trinidad and Tobago, following a market contraction exceeding ten per cent, the entry of cement imports during the second half of the year, and the impact of fixed asset impairment charges, restructuring costs in Barbados, and severance payments, all undertaken as part of strategic actions to strengthen the group’s long-term financial sustainability”.
TCL has changed Arawak’s business model. The company no longer manufactures cement and has reduced its workforce.
Inglefield and Mendoza previously reported that the Barbados company was “showing significant” progress, including improved earnings and cash flow.
Positive earnings
“Barbados is also showing significant progress following the transition of its business model to a distribution centre in quarter two of 2025, resulting in positive earnings before interest, taxes, depreciation, and amortisation and increased free cash flow,” they said in TCL’s condensed consolidated unaudited interim financial report for the nine months ended September 30, 2025.
On the group’s overall performance in 2025, the chairman and managing director said revenue in the period was $707 million, “a seven per cent increase year-on-year, underpinned by sustained volume growth and effective pricing across core markets”. Operating earnings before other expenses and other income and credits increased by six per cent to $135.8 million, “reflecting solid revenue performance and ongoing cost optimisation initiatives”. (SC)
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